Armada Data Corp V.ARD

Energy Oil & Gas E&P

Armada Data Corporation is a Canada-based information and marketing services company. The Company is engaged in providing real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related Web sites and providing information technology and marketing services to its clients. The Company’s segments include Insurance Services, CarCostCanada, and Information Technology (IT) Services. The Insurance Services division is engaged in the sale of total-loss replacement vehicle reports to Canadian insurance companies. The CarCostCanada division is engaged in the sale of new car pricing data to consumers primarily through the Company’s flagship Website www.CarCostCanada.com and reselling of new car pricing data to qualified third party vendors. The Information Technology division supplies Web and email hosting, technical support and network support services (for both internal and retail users) and the resale of hardware and software solutions.

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Armada Data Corp

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Post by Ducky11on Sep 29, 2015 11:55am

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Post# 24145163

Armada Releases Annual Results

here is one tidbit from the news release.
-The write down of Mister Beer’s Property, Plant and Equipment assets from a Net Book Value of $410,328 to a Fair Market Value of $45,000, resulting in a loss of $365,328. These assets were sold on August 31, 2015 for $45,000.

Do ya think that maybe asking $499,000 for MB was a bit high when all they could get for the equipment was $45,000. MB is still sucking from the bottom line though, rent on the facility is something like $15,000/ month.
Hey Farmer! How do ya like them apples?

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